|Bid||190.51 x 1400|
|Ask||190.85 x 900|
|Day's Range||188.02 - 193.37|
|52 Week Range||117.24 - 193.37|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||166.56|
Workday stock won an analyst upgrade Friday tied to growth in new financial management software. Cowen & Co. upgraded the software maker ahead of Workday earnings, due out on Feb. 28.
Shares of Workday Inc. are up 2.3% in premarket trading Wednesday after Cowen & Co. analyst J. Derrick Wood upgraded the stock to outperform from market perform. His channel checks show "a strong uptick" in the pipeline of new blue-chip customers for Workday's "cloud financial" product. "We think this is set to kick off a powerful new product cycle," he wrote. "Combined with more bullish checks on analytics, we see several new product-cycle growth catalysts emerging, leading to greater upside and a more bullish narrative." Wood increased his target price to $225 from $160. The stock has risen 38% over the past three months, as the S&P 500 has gained 0.6%.
Field checks suggest positive trends for the human resources software platform Workday Inc (NASDAQ: WDAY ), according to Guggenheim. Although Workday's 2019 results may be heavily weighted toward the ...
Workday, Inc. (WDAY), a leader in enterprise cloud applications for finance and human resources, today announced that it ranked #4 on Fortune’s list of the 100 Best Companies to Work For. This list is in partnership with Great Place to Work and it recognizes U.S. companies with exceptional workplace cultures. Appearing on this list for the fifth consecutive year, Workday currently has more than 10,200 employees who have helped the company achieve a customer satisfaction rating of 98 percent.
Alphabet's (GOOGL) Google rolls out Hire in Canada and the U.K., marking the first international expansion of its applicant tracking system.
Workday (WDAY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The rebound in cloud stocks has been fast and fierce, which didn't really give investors a chance to load up on their favorites. Or should we say, when the opportunity presented itself, such as with Adobe Systems (NASDAQ:ADBE), not enough investors took their chance. So are investors out of luck with ADBE stock?I wouldn't say investors are out of luck, but they've likely missed their best buying chance of the recent correction. The one thing we can all hope for is a retrace of some or almost all of this rally from the Christmas Eve lows. The market does one thing really well, and that's cause as much chaos as possible at certain times. 1 ADBE Stock's Recent Price ActionOur first reason for buying Adobe stock comes from the charts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMarkets barreled lower into Christmas, capitulating on the eve of the holiday. However, investors couldn't decipher if the next week of trading was simply a dead-cat bounce happening amid low volume during the typical Santa Claus rallying period. A few days into January and stocks were still climbing, causing many to wait on the sidelines for the inevitable pullback. Here are we in the beginning of February and many are still waiting. * 10 Best Dividend Stocks to Buy for the Next 10 Months Adobe stock is one that investors wish they bought when they had the chance. Just don't make the same mistake twice if the opportunity presents itself.ADBE stock price is still $20 below its highs. While Salesforce (NYSE:CRM), Workday (NASDAQ:WDAY) and others have been on fire, so has Adobe. ADBE is now $50 up from its lows. Investors could justify buying ADBE stock another $10 lower, near the conflux of its 100-day and 200-day moving averages. I would love a "real" correction back down to $235 or so though before really getting long this name. 2 ADBE Stock FundamentalsAdobe stock is great thanks to one thing: subscriptions. Virtually every freelancer and every business in online marketing utilizes Adobe to some capacity. Whether it's to tidy up in Photoshop or make elaborate designs, ADBE carries the load. That's why it has such a good pulse on the e-commerce market as well. Customers have a few options when it comes to subscribing to Adobe, but for simplicity, let's look at the main one. A subscriber can gain access to just about all of Adobe's products by either paying month-to-month at a higher rate or paying at a lower monthly rate but signing up for a 12-month agreement.Once the refund period has passed, Adobe will be able to collect revenue from its users month after month after month. This leads to a more stable business with more predictable cash flows and it's exactly why its stock gets a premium in the market.Because of this subscription base and its leverage of the cloud, Adobe stock has exploded in recent years, as has its business. Revenue has doubled over the last five years while free cash flow (FCF) and cash flow from operations continue to coast from the lower left to the upper right. Over the last 12 months, Adobe has generated more than $4 billion in FCF. While Adobe does carry $4.1 billion in long-term debt, its total assets are double its total liabilities. 3 Adobe Stock in 2019Before Adobe reported Q4 earnings in December, it issued its 2019 outlook in mid-October. Management reiterated that it was on track to hit its fourth-quarter numbers and it's looking for 20% revenue growth in fiscal 2019. When it reported earnings in mid-December -- a top- and bottom-line beat -- Adobe updated its 2019 outlook to include its recent acquisitions.Despite all this, Wall Street didn't care, tossing the cloud juggernaut aside with the rest of the market into the Christmas Eve doldrums. Coal for everyone, they said, no matter how well the company is doing.After a quick retest of the lows, investors who stayed the course are the ones laughing now. Estimates call for full-year revenue of 28% and for earnings to swell 41.5% to $7.78 per share. Adobe isn't just growing, it's accelerating and that's why it's going to make investors even more money this year. * 7 Banks Stocks to Buy After the BB&T-Suntrust Mega-Merger Timing an entry has been important, but it can (and should) be done in ADBE stock.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Fundamentally Sound Dividend Stocks to Buy * 5 Reasons Reeling FAANG Stocks Won't Deliver Big Returns * 3 Reasons Canopy Growth Could Burn You Compare Brokers The post 3 Reasons to Buy Adobe Stock in 2019 appeared first on InvestorPlace.
Workday Inc NASDAQ/NGS:WDAYView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for WDAY with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding WDAY totaled $2.11 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
PLEASANTON, Calif., Feb. 07, 2019 -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, plans to announce its fiscal 2019.
Shares of Sony (NYSE:SNE) are being hammered after the company released its fiscal third-quarter earnings results. With its low valuation and SNE stock almost 25% off of 52-week highs, some are wondering if now is an opportune time to scoop up the shares while they're under pressure. Source: Dalvenjah via Flickr At $65 billion, Sony's not a small niche player. In fact, it has a number of businesses, ranging from music, video games, pictures, imaging, semiconductors and more. Still, Sony came up short for the quarter. Sales of 2.4 trillion yen ($21.84 billion) badly missed expectations of 2.67 trillion yen. Not only did revenue miss estimates by about 10%, they also declined 10% year-over-year. Profits also surprised, with the 377 billion yen result missing estimates of 384 billion yen. That said, Sony gave a significant bump to its full-year guidance. The company now expects fiscal year profits of 835 billion yen vs. 705 billion yen offered up in management's October outlook. That's good for an 18% increase. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### Valuing SNE Stock For the year, analysts are looking for Sony to generate about $79.5 billion in sales -- leaving the stock to trade at less than 1x revenue. That's not all that surprising, given how much hardware Sony produces. At the same time though, it's quite profitable and as a result, reminds me of a company like Micron (NASDAQ:MU) or other low-valuation tech companies. Albeit, SNE stock has a higher valuation than Micron, -- a 9.64x price-earnings multiple compared to MU's 3.24x -- but it certainly is not commanding the type of premium that comes with a stock like salesforce.com (NYSE:CRM) or Workday (NASDAQ:WDAY). * 7 S&P 500 Stocks to Buy That Tore Up Earnings Full-year estimates call for earnings per share of $5.01, a massive 43% increase from last year's $3.50 a share. Based on 2019 numbers, that leaves SNE stock trading at just 9.2x this year's earnings estimates. That's a pretty low number, given the solid earnings growth. Further, revenue expectations call for 3.2% growth in 2019. However, some of the investor hesitation may come from 2020 forecasts. Fiscal 2020 is just one quarter away from now and estimates aren't calling for robust growth. Currently, sales are forecast to climb just 30 basis points while earnings are actually expected to fall 14.5% to $4.29 per share. Based on 2020, Sony stock actually trades at 10.7x earnings estimates. While both valuations are admittedly quite low, investors don't want to be in a company that's not growing its bottom line. SNE stock is a tough one though. Revenue estimates just came up very short in the quarter, meaning that perhaps full-year 2019 and 2020 revenue estimates are too aggressive. That Sony boosted profit guidance for the year, though, suggests that maybe 2020 estimates are too conservative. This is what we call a very mixed bag and when there's a lack of clarity, stocks tend to decline. ### Trading Sony Stock Earnings Click to Enlarge That uncertainty is exactly what we have with Sony stock, along with a lack of catalysts. I would say by a sum-of-the-parts valuation that SNE stock is undervalued. It's likely that many people agree with that thinking, but rarely does the market suddenly wake up and decide to put a market multiple on a stock based on a sum-of-the-parts thesis. That's up to investors who want to hold for the long term. * 7 Stocks That Won Super Bowl Sunday For the short term, there are the traders. I don't like seeing Sony stock being squeezed against downtrend support (blue line). It's clear that the $45 to $46 area is support, but how long can it hold up? As the trading wisdom goes, the more times a level is tested, the more likely it is to give way. While we could get a rally from $46 to $49 -- good for more than 6% -- I need to see SNE stock move through resistance to believe the rebound will stick. If it doesn't, look for resistance to push Sony stock back down to support. Those trading SNE stock right now can use Monday's low at their st0p-loss. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 F-Rated Stocks That Could Break Your Portfolio * 5 Fintech Stocks to Buy As This Mega Trend Gains Steam * 10 Cold Weather Stocks to Heat Up Your Returns Compare Brokers The post Trading Sony Stock After Earnings Disappointment appeared first on InvestorPlace.
Workday stock popped on an analyst report speculating that it has won a large contract with Accenture, a large information technology company. Workday stock jumped.
Cloud-software companies flew higher in Thursday trading after a strong earnings report from ServiceNow Inc. that sent that company's stock to record highs. ServiceNow headed more than 14% higher in Thursday trading, challenging for its largest single-day percentage gain in history, currently trailing only a 15.3% gain on April 25, 2013. The cloud-software company reported stronger-than-expected earnings after the bell Wednesday, thanks to strength with larger customers buying a range of services, according to analysts. "Turns out Enterprise still very interested in best-of-breed software platforms," Stifel analysts wrote while raising their price target on the stock from $180 to $210. Other cloud-software companies also hit all-time highs thanks to big gains, including security company Zscaler Inc. , which was up more than 6% Thursday; Workday Inc. , which was up more than 5%; and Atlassian PLC , which tied an intraday record high and was headed for a closing high with gains of more than 4%. The iShares Expanded Tech-Software Sector ETF was trading 2% higher, beating gains for the Nasdaq Composite Index and S&P 500 index.
Facebook stock and ServiceNow stock rallied, but stocks were mixed early Thursday as the Dow Jones lagged heading into January's final session.
NEW YORK , Jan. 31, 2019 /PRNewswire/ -- Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, today announced that it has been named a Workday Advisory ...
Tech News: Facebook, Samsung, and Tech Sector Worries in China(Continued from Prior Part)Global IT spending is expected to grow 3.2% this yearSentiment toward technology stocks has soured, causing the tech-heavy NASDAQ Composite to fall ~13% since